WeWork becomes public company worth more than $9 billion after it imploded two ...

WeWork becomes public company worth more than $9 billion after it imploded two ...
WeWork becomes public company worth more than $9 billion after it imploded two ...
WeWork co-founder Adam Neumann is now worth $2.3 billion as company goes public after spectacularly imploding two years ago under his leadership: Shares open at $11.28 The workspace real-estate giant became a public company Thursday, after merging with blank-check firm BowX Acquisition Corp Shares opened at $11.28  Adam Neumann, the ousted co-founder whose conduct as CEO helped crash the company’s first attempt to go public in 2019, is now valued at $2.3 billion  The company is now valued at $9 billion

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The disgraced and ousted former WeWork CEO will receive a whopping $660 million payout from WeWork after the company made its public-market debut Thursday with a value of $9 billion and shares opening at $11.28 - just two years after the shared office space company nearly went bankrupt under his leadership.

The valuation represents a marked drop from the $47 billion the company reportedly reached in 2019, when it first attempted to go public.

But that attempt blew up in spectacular fashion in August of that year, resulting in then-CEO Adam Neumann's ousting, after investors grew wary of the eccentric CEO's exorbitant spending and increasingly erratic behavior.

The losses spurred by that failure were then exacerbated by the pandemic.

The company also pulled in $658 million in revenue during third quarter, 2021, executives revealed during a virtual investor day earlier this month.

Despite being ousted from the company he co-founded and no longer having any role in the business, Neumann, through an

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